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Caprock Mining Corp ( (TSE:CAPR) ) just unveiled an announcement.
Caprock Mining Corp. announced a shares for debt transaction to settle $100,000 of debt owed to Windmark Financial Ltd., a corporation owned by CEO Vishal Gupta. This transaction involves issuing 2,000,000 common shares at $0.05 per share, under exemptions from Canadian securities law, and is considered a related party transaction under MI 61-101. This move helps Caprock address its debt while leveraging legal exemptions, potentially improving its financial standing and reinforcing its focus on mineral exploration.
More about Caprock Mining Corp
Caprock Mining Corp. is a Canadian mineral exploration company focused on exploring precious metals in Quebec and Ontario. The company has an option to earn a 100% interest in the Destiny gold property, which includes 127 mineral claims over an area of 5,013 hectares. This property is located in the Abitibi greenstone belt, a region known for its numerous gold deposits.
YTD Price Performance: 125.00%
Average Trading Volume: 108,239
Technical Sentiment Consensus Rating: Sell
For detailed information about CAPR stock, go to TipRanks’ Stock Analysis page.
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